Friday, March 20, 2009

There aren't many taxpayers in Portsea, Victoria. Just 270 of them according to the Australian Tax Office, but they make an important contribution.

According to its latest assembly of tax statistics they reported the highest taxable incomes in Australia in 2006-07, an average of $219,345 each - up 39 per cent on the year before.

By contrast taxpayers in Toorak reported reported earning a lessor $158,927 on average, up a lower 15 per cent on the year before.

The residents of Portsea also do well out of shares, clocking up an impressive $35,000 each on average in imputation credits.

By contrast at the bottom end of the scale in postcode 3387 which takes in Kanya, Marnoo and Wallaloo in Western Victoria...
...the average income is just $28,806 - 11 per cent lower than a year before. Their average imputation credits amounts to a mere $475 each.

While the average resident of Portsea pays $84,600 in tax and the average resident of Wallaloo $4015, most of us are in the middle. The average tax paid in Victoria is $13,440 per person and the average taxable income $49,800.

NSW residents do better with average taxable incomes of $53,000, and residents of Western Australia and the ACT do best of all earning a taxable $55,700 and $57,500 in 2006-07.

But its noteworthy that while average incomes in Canberra are high, none its suburbs comes within cooee what's earnt in Sydney's Darling Point, Bellevue Hill, Mosman or Rose Bay, Melbourne's Toorak or Perth's Peppermint Grove.

Australia's top 10 earning suburbs are broadly the same as they have been for years with Portsea and Toorak Victoria's only two inclusions.

Victoria's Byrneside,Kamarooka,and Marnoo edged their way down into the bottom 10, elbowing out Nyah West, Banyan and Watchupga.